Amirali DaliriDec 18, 2021 · 3 years ago3 answers How can the historical 3-month SOFR rate be used to predict future movements in the cryptocurrency market?
How can the historical 3-month SOFR rate, which represents the average interest rate at which US banks lend to each other, be utilized to forecast potential changes in the cryptocurrency market over time? What is the relationship between the SOFR rate and cryptocurrency prices? Is there any evidence to suggest that fluctuations in the SOFR rate can serve as a leading indicator for cryptocurrency price movements? How can investors leverage this information to make informed decisions in the cryptocurrency market?